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Davit's Confluence Trading

  • #961
  • Jun 1, 2014 10:16am Jun 1, 2014 10:16am
Quoting Davit
I already have my limit shorts waiting on EU These orders are my starting trades but should price get in my sell zones I will add 10-15 orders additional, by my trading plan each swing is 10-15 orders {image}
Wow... pretty big positions ^^
Fix up, trade sharp ...
  • #962
  • Jun 1, 2014 10:18am Jun 1, 2014 10:18am
Quoting Davit
I already have my limit shorts waiting on EU These orders are my starting trades but should price get in my sell zones I will add 10-15 orders additional, by my trading plan each swing is 10-15 orders {image}
That's precisely what I see, and the way I intend to go at it too. Just have to wait until market open to setup my orders.

http://www.forexfactory.com/showthre...90#post7503590
Ghost Rider - WWTBMD?
  • #963
  • Jun 1, 2014 10:18am Jun 1, 2014 10:18am
Quoting PROredart
{quote} I'm watching on it's volume. Volume is increasing while market become bearish, for me indicating MMs shorting now. Definitely pullback on small timeframe (below H4 chart) generates me short. Added this pair on my watchlist for the coming week. Thanks for sharing! Attached file CADCHF D1 Regards PROredart {image}
I see that you are a new trader....
Take it what is worth.Volume in FX is not centralized and not reliable

retail traders trade with their retail FX brokers; institutions trade with each other either VIA their interdealer brokers or directly with each other hence their volume does not show on retail broker
Retail curtains 6% of the market. Its obvious their activity no matter how big is irrelevant as far as pushing price.
This is why 75% retail short or long is unimportant despite what you read what others post about this.

If its working for you then dismiss my comment.
In trading, you have to be defensive and aggressive at the same time
  • #964
  • Jun 1, 2014 10:19am Jun 1, 2014 10:19am
Quoting Davit
{quote} Agree we could see sharp bounce up again 8280-90 zone then drop or continuation of bearish last daily candle. Just 5th ECB meeting so Swissy is going to be effected in major way. My personal take is ECB won't take action when price is far lower then last meeting when price was 138 highs.I see appreciation of EU correction up again then down. So to sum up much depends market sentiment leading up to ECB Regards
Indeed, if the ECB will not deliver, a lot of shorts will be squeezed out of the market.
Fix up, trade sharp ...
  • #965
  • Jun 1, 2014 10:28am Jun 1, 2014 10:28am
Quoting Hickson
{quote} Indeed, if the ECB will not deliver, a lot of shorts will be squeezed out of the market.
This is like a poker game
ECB took no action 38-39 highs why should they take action at 1.36
This is just plain deduction unless ECB wants Euro below 1.30 which I doubt highly.
In trading, you have to be defensive and aggressive at the same time
  • #966
  • Jun 1, 2014 10:36am Jun 1, 2014 10:36am
Quoting albchr
{quote} That's precisely what I see, and the way I intend to go at it too. Just have to wait until market open to setup my orders. http://www.forexfactory.com/showthre...90#post7503590
lets hope for a rally
In trading, you have to be defensive and aggressive at the same time
  • #967
  • Jun 1, 2014 11:16am Jun 1, 2014 11:16am
Quoting Davit
{quote} lets hope for a rally
Here's hoping. We’re on the home straight to Draghi day and I expect the overriding market concern to be that the move down has been based on talk from a serial talker which should put the brakes on the bear and shift the path of least resistance back to ‘up’. That so I also expect tptb to use their tools and mouth pieces to fuel that concern and do their best to get the long side pumped and shorts stopped in order to optimise their positions for what I see as the inevitable action of the ecb if not this week then one week. There must be an ocean of liquidity up there and I’ll let the harmonics shine a light on the path.

Attached Image (click to enlarge)
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It's all about bucks, kid. The rest is conversation.
  • #968
  • Jun 1, 2014 12:11pm Jun 1, 2014 12:11pm
Quoting Davit
{quote} I see that you are a new trader.... Take it what is worth.Volume in FX is not centralized and not reliable retail traders trade with their retail FX brokers; institutions trade with each other either VIA their interdealer brokers or directly with each other hence their volume does not show on retail broker Retail curtains 6% of the market. Its obvious their activity no matter how big is irrelevant as far as pushing price. This is why 75% retail short or long is unimportant despite what you read what others post about this. If its working...
Yes, I am learning now- testing many methods but still more difficult. I'm feeling that mind, method and money management are most important to the traders.
PROredart is not PRO trader
  • #969
  • Jun 1, 2014 6:10pm Jun 1, 2014 6:10pm
Quoting PROredart
{quote} It's amazing result! Keep it up. Regards PROredart
Quoting Davit
{quote} This one for you http://www.youtube.com/watch?v=F6fK9qN35zg Jihad Akl - Persian Violin Dance
thank you PRO & Davit

that was amazing gift Davit
  • #970
  • Jun 2, 2014 2:12am Jun 2, 2014 2:12am
Quoting Davit
Looking at EU/CAD as strong candidate for long. We had no correction since 5253 almost 500pips {image}
Dear,
Kindly advice about NZD/USD. As per your system, RSI is in between 30-20 and Daily Bar is about to touch BB.
Should we place BUY order till US session or not?
Regards.
  • #971
  • Jun 2, 2014 2:30am Jun 2, 2014 2:30am
Quoting azfarjaved
{quote} Dear, Kindly advice about NZD/USD. As per your system, RSI is in between 30-20 and Daily Bar is about to touch BB. Should we place BUY order till US session or not? Regards.
No Market is negative about NZ dollar
Rate decision on June 12. Expectation is no interest rate hike.This could become strong down trend to 80

http://tvnz.co.nz/business-news/nz-d...-hikes-5986326

If trading NZ dollar please read the article since it clearly touches points why it is declining.
In trading, you have to be defensive and aggressive at the same time
  • #972
  • Jun 2, 2014 2:31am Jun 2, 2014 2:31am
Morning all,
Is this just a morning clearout?

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It's all about bucks, kid. The rest is conversation.
  • #973
  • Jun 2, 2014 2:35am Jun 2, 2014 2:35am
Quoting Lalu
Morning all, Is this just a morning clearout? {image}
Could be. I still Expect rally up this week.

Looking at CAD/JPY
Starting to look good but still room on upside
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In trading, you have to be defensive and aggressive at the same time
  • #974
  • Jun 2, 2014 2:40am Jun 2, 2014 2:40am
UK M PMI in 50min

G/CHF moving up to my limits waiting at 5080 and up
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In trading, you have to be defensive and aggressive at the same time
  • #975
  • Jun 2, 2014 2:49am Jun 2, 2014 2:49am
Quoting Davit
{quote} Could be. I still Expect rally up this week. Looking at CAD/JPY Starting to look good but still room on upside {image}
There is some nice confluence there

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It's all about bucks, kid. The rest is conversation.
  • #976
  • Jun 2, 2014 2:55am Jun 2, 2014 2:55am
This is something I was playing around with at the weekend. Dangerous game though like trying to fight Jason Vorhees.

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It's all about bucks, kid. The rest is conversation.
  • #977
  • Jun 2, 2014 3:10am Jun 2, 2014 3:10am
Quoting Lalu
{quote} There is some nice confluence there {image}
interesting that BB and your harmonic D pretty much same level.
I don't trade SP500 but it sure is overstretched.
Going to bed.See you tomorrow.
Remember better not take a trade then take a lesser set up trade and end up paying for it.
In trading, you have to be defensive and aggressive at the same time
  • #978
  • Jun 2, 2014 3:19am Jun 2, 2014 3:19am
Quoting Davit
{quote} interesting that BB and your harmonic D pretty much same level. I don't trade SP500 but it sure is overstretched. Going to bed.See you tomorrow. Remember better not take a trade then take a lesser set up trade and end up paying for it.

Wise words. Hasta luego.
It's all about bucks, kid. The rest is conversation.
  • #979
  • Jun 2, 2014 4:28am Jun 2, 2014 4:28am
davit what u say about this pair . according to ur method ,looks short here, what u say
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  • #980
  • Jun 2, 2014 8:09am Jun 2, 2014 8:09am
Quoting Lalu
Morning all, Is this just a morning clearout? {image}
618 and pivot hit. Let's see where it goes from here. Often when US opens there's repeat performance to flush out the liquidity before resuming the move.

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It's all about bucks, kid. The rest is conversation.
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